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ANALYSIS OF INDICATORS OF SMALL BUSINESSES BASED ON THE USE OF THE COBB-DOUGLAS PRODUCTION FUNCTION

Abstract

The indicators of small businesses, including those operating in the field of AIC, are analyzed, production function is considered to characterize the technology of interdependence of production factors. For this purpose, the Cobb-Douglas function is applied, which reflects the cumulative dependence of the production volume and its main factors - labor and capital. The article the three-factor Cobb-Douglas production functionis considered based on the use of indicators of time series in construction of production function, the parameters of which are calculated using the least squares method, and correlation coefficient is used to compare the degree of influence of the factors. The use of a sufficiently detailed Cobb-Douglas function will ensure the attraction of investments in the development of small businesses in various sectors of economy and various activities. Taking into account the specific features of this production function, as a result of economic analysis, the influence of the number of employees of small businesses and investments to fixed assets on the level of production of goods and services is determined. The calculated balance sheet ratios connecting the resource variable values with production volumemade it possible to state its analytical dependence on the changes included in the factorsmodel, which is confirmed by the values of the coefficients of multiple regression and determination.

About the Authors

Д. Ахметова
С. Сейфуллин атындағы Қазақ агротехникалық университеті
Kazakhstan


Р. Жунусова
С. Сейфуллин атындағы Қазақ агротехникалық университеті
Kazakhstan


А. Байдаков
С. Сейфуллин атындағы Қазақ агротехникалық университеті
Kazakhstan


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Review

For citations:


 ,  ,   ANALYSIS OF INDICATORS OF SMALL BUSINESSES BASED ON THE USE OF THE COBB-DOUGLAS PRODUCTION FUNCTION. Problems of AgriMarket. 2019;(1):91-97. (In Russ.)

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ISSN 1817-728X (Print)
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